Appraisal Review Specialist

Golden Route Operations, LLC; Springfield (MO); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

401(k)

401(k) matching

Health insurance

Vision insurance

Life insurance

Flexible Spending Account

Paid time off

Job summary

Legacy Bank and Trust in Springfield, MO is seeking a detail-oriented Real Estate Appraisal Review Specialist to ensure quality, compliance, and accuracy of the valuation program. You will review commercial and consumer appraisals for USPAP, FIRREA, and internal policy, while juggling a high volume of orders and collaborating with loan officers and credit teams to resolve deficiencies.

This onsite, full-time role requires a bachelor's degree in banking or related field and 2–3 years of

Qualifications

• Bachelor's degree in banking, accounting, or a related field.
• Two to three years of appraisal, lending, credit, or loan documentation experience.
• Knowledge of USPAP and FIRREA preferred.

Responsibilities

• Review commercial or consumer appraisals for USPAP and FIRREA compliance and internal policy.
• Validate appraisal methodologies and identify deficiencies.
• Manage YouConnect work queue to assess risk and determine due diligence.
• Assist in in-house evaluations and construction inspections as needed.
• Respond to inquiries about appraisal policy and regulatory compliance.

Skills

Appraisal review

Regulatory compliance

Financial data interpretation

MS Office suite

Education

Bachelor's degree in banking or related field

2-3 years appraisal/ lending experience

Tools

YouConnect

Job description

• Location 3250 E. Sunshine Street,Springfield, MO, 65804,United States
• Employee Type Full Time

Contact information

• Name Katrina Sweaney

Description

Summary: This role is vital in ensuring the quality, compliance, and accuracy of the organization's real estate valuation program. This role will review commercial and consumer appraisals for USPAP, FIRREA, and internal policy compliance, while dynamically multitasking a high volume of orders. This role will act as a trusted internal expert, collaborating closely with loan officers, credit teams, and management to resolve valuation deficiencies, and mitigate lending risk, while dynamically multitasking a high volume of orders.

Availability: Monday – Friday 8:00am – 5:00pm - Springfield, MO

Essential Job Functions

• Perform reviewsof either commercial or consumer appraisals to verify compliance with both USPAP and FIRREA regulations as well as the bank's internal policy.
• Validate the methodologyused in the appraisal review process to determine how the final value was reached. Propose solutions to identified appraisal deficiencies.
• Manage the work queue in YouConnect, which includes reviewing the transaction information to understand the risk profile and determine the appropriate level of due diligence required to meet regulatory and policy standards.
• Perform in-house evaluations and assist in construction inspections, as needed.
• Perform validations on prior valuations when loan situations allow.
• Respond to inquiries from bank staff involving appraisal policy and compliance with laws and regulations.
• Work with loan officers and the credit team on valuation issues and concerns.
• Work through the loan maturity report to assist credit/lending teams on future valuation orders.
• Keeps up to date about national, industry specific and local commercial real estate market trends.
• Assist the Director as needed in reviewing the qualifications and sample reports of appraisers seeking to be added to the corporate approved appraiser list and recommend deleting those not meeting policy standards.
• Performother related duties and responsibilities as assigned.
• Confidentiality
• The ability to handle multiple functions at the same time
• Positive attitude and highly motivated
• The ability to comprehend and interpret financial data
• Microsoft Word, Excel, and Outlook experience

Education and Experience

• Bachelor's degree in banking, accounting, or a related field
• Two to three years of appraisal, lending, credit, or loan documentation required

Physical Requirements

Onsite Position

• Seeing: Must be able to see well enough to see computer screen and read documents. (75-100% of work time spent on activity)
• Hearing: Must be able to hear well enough to communicate with customers, vendors, and employees. (75-100% of work time spent on activity)
• Sitting: Must be able to sit for long periods of time. (50-74% of work time spent on activity)
• Standing/Walking: Must be able to move about office. (25-49% of work time spent on activity)
• Climbing/Stooping/Kneeling: Must be able to stoop or kneel to pick up paper products or materials. (0-24% of work time spent on activity)
• Lifting/Pulling/Pushing: Must be able to lift up to 10 pounds. (0-24% of work time spent of activity)
• Grasping/Feeling: Must be able to write, type and use technical equipment. (75-100% of work time spent on activity)

Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

• 401(k)
• 401(k) matching
• Health insurance
• Vision insurance
• Life insurance
• Flexible Spending Account
• Paid time off

The statements herein are intended to describe the general nature and level of work being performed but are not to be seen as a complete list of responsibilities, duties, and skills required of personnel so classified. Also, they do not establish a contract for employment and are subject to change at the discretion of the employer. Legacy Bank and Trust is an equal opportunity employer.